Right, I agree and understand. My intent in my entire post was just to better understand what benefit or advantage people do have or think they are getting from adding in news and political takes and opinions in their trading. I wasn't expecting any good or relevant answers, but can't hurt to ask / clarify.
Since this is your thread just want to ask do you have any issues with me discussing NQ here as I have been?
I don't see why there should be....this should really be renamed the E-Mini journal as ES, NQ, RTY, and CL are all great for trading.
I assess news depending on how unexpected it is, how significant its impact, and whether the event has a defined outcome. I believe when the big professionals are surprised, little traders like myself have a short term advantage while they adjust.
I agree. I can't imagine anyone trading this way (or thinking this way) is truly an elite trader. You can use news from the standpoint of assessing the market's reaction to the news as having relevance but not the news itself.
Just because the news and the political situation (which should affect market action) is discussed doesn't mean people actually trade on that information. I certainly don't. Generally, for my day trades, I keep thing technical and aim to capture the better part of 10-20 point swings these days. The larger trend does not factor into this. But for the big picture and where we're moving in the next weeks or months - news and other conditions should matter. A general problem when the market moves on news is that it's hard to really know if the market would have gone that way anyway (and maybe the news merely amplified the move). So in the end, as a trader it's best to keep things technical and try to be aware of at least the scheduled news releases. Right now, the current volatility (uncertainty) have to be associated with the upcoming presidental election in the US. So, news are definitely relevant.
71 Year Old Former Wall Street Trader Gets 5 Years In Prison For $20 Million Ponzi Scheme Rinfret was accused of selling limited partnership interests in Plandome while telling investors he was using their money to trade S&P futures contracts using a "proprietary algorithm". https://www.zerohedge.com/personal-...r-gets-5-years-prison-20-million-ponzi-scheme